Bajaj Finserv MF plans small-cap fund in January-March 2024, says CEO Mohan thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
"Instead of taking a static asset allocation based on the current economic environment, anyone with a longer time horizon & moderate risk should have significant allocation towards an agile balance advantage fund. Through the balanced advantage fund, one is taking professional expertise on asset allocation between equity and fixed income. Typically, these funds have lower volatility than the equity index and opportunity for long term compounding."
Hybrid funds are back in the limelight after the debt taxation changes in the Budget. This category has seen net inflows of Rs 72,000 crore. What changed for this category and why are investors making a beeline for these funds? Chintan Haria of ICICI Prudential Mutual Fund has answers.
"In any economic upturn, we see small cap companies growing faster than the large caps. If you look at the consensus forecast, the expected EPS growth for Nifty Small Cap 250 is 16% CAGR vs 12% CAGR for Nifty 50. Adjusted for growth I dont think small cap is overvalued."
Bajaj Finserv Mutual Fund announced the launch of the Bajaj Finserv Balanced Advantage Fund. The scheme opened for public subscription on November 24, 2023, and will close on December 08, 2023.
I am bullish on financials, but not lenders because the fund is quite underweight on lenders. I am bullish on all other parts of the financials. So we have a large exposure to insurance, we have large exposure to capital markets through Bombay Stock Exchange. IT is another sector where I am quite positive.”
Three mutual fund NFOs or new fund offers are open for subscription this week. Kotak Healthcare Fund, DSP Banking & Financial Services Fund are open for subscription. Bajaj Finserv Balanced Advantage Fund will open for subscription later this week.